Young Chicago Authors

Analysis

Young Chicago Authors is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2026. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2021, Young Chicago Authors reported income of $698k and spending of $1.3m, spending 179% of what it took in. Across the 3 years on record, from August 2019 to August 2021, income fell from $1.4m to $698k (-50%), an average of -29% a year. The sharpest change came in the year to August 2021, when income dropped by 52%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Chicago Authors sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Epoch Times Northwest ($698k), Fund to Conserve US Diplomatic Treasures Abroad ($698k) and Shemer Art Center and Museum Association Inc Sacama ($698k).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 90% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $192k (15% of expenses). Other salaries and wages came to $466k. At year end it held assets of $1.6m against liabilities of $772k, net assets of $874k. It reported 14 employees.